December 19, 2024
Hims & Hers Health ( HIMS ) shares tumble after the US Food and Drug Administration (FDA) announced that the shortage in Eli Lilly's ( LLY ) weight loss drug, Zepbound, has been resolved. The stock falls in anticipation of lower demand as the supply of GLP-1 weight-loss drugs improves.
Julie Hyman and Josh Lipton examine the stock move and what investors need to know about the evolving GLP-1 market.
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This post was written by Naomi Buchanan.